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The Impact of Metro on Property Price:A Case Study of Shanghai

Zhong Baohu

Open publisher page 4 citations

Abstract

This paper firstly reviews the research works about the impact of metro on the property price.Then the hedonic price method and variance analysis method are used in this paper to analyze the impacted area around metro stations,and influence of other factors including neighborhood,structural and location on the property price.It argues that the factors which impact the price of property are different from the center to the suburb.In suburban area, the impact area around metro station is much extended than in the center,and the impact of the distance to the metro stations on the property price is significant from the center to suburban.

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What this paper is about

This paper firstly reviews the research works about the impact of metro on the property price.Then the hedonic price method and variance analysis method are used in this paper to analyze the impacted area around metro stations,and influence of other factors including neighborhood,structural and location on the property price.It argues that the factors which impact the price of property are different from the center to the suburb.In suburban area, the impact area around metro station is much extended than in the center,and the impact of the distance to the metro stations on the property price is significant from the center to suburban.

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OpenAlex reports 4 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This paper firstly reviews the research works about the impact of metro on the property price.Then the hedonic price method and variance analysis method are used in this paper to analyze the impacted area around metro stations,and influence of other factors including neighborhood,structural and location on the property price.It argues that the factors which impact the price of property are different from the center to the suburb.In suburban area, the impact area around metro station is much extended than in the center,and the impact of the distance to the metro stations on the property price is significant from the center to suburban.

Key concepts: Metro station, Property (philosophy), Center (category theory), Property value, City area, Hedonic pricing, Variance (accounting), Residential property

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